H&M Tax Blog

Fred Miller Enrolled Agent with the IRSFred Miller, partner at H&M Tax and enrolled agent with the IRS, updates this blog regularly.

A recent article points out how you might be being victimized by playing games or doing puzzles or quizzes on Facebook or other social media. 

/sites/default/files/content/a-new-era-in-phishing-research-paper.pdf

 

Starting on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

- 58 cents for every mile of business travel driven, an increase of 3.5 cents from the rate for 2018....
- 20 cents per mile driven for medical or moving purposes, an increase of 2 cents from the rate for 2018.
- 14 cents per mile driven in service of charitable organizations.

The new tax law that takes effect for this year's tax returns is the most sweeping change that congress has made in over 30 years!
   So, when is a 25% marginal tax rate REALLY a 61% tax rate?

When a single man or woman can no longer claim their child, and lose Head-of-Household status...

A client's taxable income went up by $4050 because he could no longer claim his child.  The TAX went up by $2486.

Capital Gains... Short term? Long term? Inherited property?...
Can I deduct college tuition? Can I deduct student loan interest?